Retirement Blog

Sunday, August 28, 2011 7:00 am
By Jennie L. Phipps · Bankrate.com

My neighbor had his hip replaced. Medicare paid for everything — nearly $50,000 worth of surgery, hospitalization, medicine and rehabilitation. It was life changing for Jim, who had gotten to the point where he could barely walk. It wasn’t long ago that a guy like him living in retirement who had worn out his body

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Friday, August 26, 2011 4:04 pm
By Barbara Whelehan · Bankrate.com

Has gold finally reached its peak, or will it continue going up? The precious metal has had a 10-year-plus bull run, but since 2008 it’s been on a tear. This week it breached the $1,900 threshold for the first time, before retreating a bit. Today gold moved up again. And soon, your employer may be

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Thursday, August 25, 2011 2:51 pm
By Jennie L. Phipps · Bankrate.com

Here’s a little discouraging retirement planning news: The Federal Reserve Bank of San Francisco examined trends in U.S. stock values to see if the investment conservatism and sell-off that will likely come with the aging of baby boomers will drive down stock prices. Their answer was yes. The analysts found: “The model-generated path is …

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Wednesday, August 24, 2011 11:57 am
By Jennie L. Phipps · Bankrate.com

The Defense Business Board, which advises the U.S. Department of Defense, mostly on matters of civilian contracting, will report in October on ways to cut costs and modernize military retirement plans. A preliminary retirement planning report calling for reform has raised the hackles of a wide swath of military and other types who oppose any

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Tuesday, August 23, 2011 12:55 pm
By Jennie L. Phipps · Bankrate.com

There are a lot of older people in my neighborhood — including me. It’s a concerned community, and I always thought that it was a good thing that if I didn’t emerge from my house for a few days or my neighbors noticed that I was wandering the streets in my nightie that they would

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Monday, August 22, 2011 3:49 pm
By Jennie L. Phipps · Bankrate.com

Today’s retirement planning crisis is over Social Security Disability Insurance, or SSDI, which the Congressional Budget Office announced is about to go belly up because so many people have turned to it in these economic hard times. The report says the average monthly payment for SSDI is $927. It’s paid for out of Social Security payroll

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Sunday, August 21, 2011 7:00 am
By Jennie L. Phipps · Bankrate.com

Social Security records more than 14,000 people a year as dead when they aren’t — or as Mark Twain said, “The report of my death has been greatly exaggerated.” CNNMoney reported on the phenomenon this week, pointing out that one in every 200 deaths — are incorrectly entered into its Death Master File, which contains

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Friday, August 19, 2011 1:23 pm
By Barbara Whelehan · Bankrate.com

Putnam Investments introduced an application earlier this summer that helps iPhone users understand the trade-offs of everyday money decisions and how they may affect their future retirement, according to Financial Security Project at Boston College. Only about 1,000 people have downloaded its PriceCheck&Save app so far — but that may be because it’s only available

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Thursday, August 18, 2011 2:41 pm
By Jennie L. Phipps · Bankrate.com

Picking the right person — or persons — to manage your affairs when you can’t is a retirement planning decision to be made cautiously. Anthony Enea, a New York-based attorney who specializes in retirement-related issues and estate planning, says he’s stopped counting the number of people who choose poorly, picking someone who is nice to

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Wednesday, August 17, 2011 3:30 pm
By Jennie L. Phipps · Bankrate.com

The financial repercussions of the Great Recession will last into retirement for many people because their retirement incomes are inextricably linked to the amount of money they earn in their working years. Everything from old-fashioned defined benefit pensions to balances in 401(k) plans as well as Social Security is tied to pay. The Urban Institute,

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